Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
That's good news. I totally dislike rithmic platforms after unfortunate 'accidents' there with other prop firms. Rithmic has too much glitches/hiccups and customer service is poor.
Did you see the new feature of TopStep? I am so amazed, this is simply wonderful!!!
I have been funded and lost the account a couple of time, but I have never doubted a single moment about the honesty and value of this company. However today I must say they made a quantum leap in terms of quality!!
I cannot emphasize how much I love the new setup.
Basically we now have a "practice account" which we can reset for free that allow us to practice even if we made some mistake in the account that is being evaluated. For me this is incredibly useful because since it's something "visible" it's more than a sim account that you might have in your own platform and at the same time if allow you to keep trading without risking your TST account.
On top of this they added a feature to create a business plan and to evaluate if you stick to it or not. This is just amazing!!
I am looking forward to be funded again.
You don't have to do anything....if you are using a platform based on Rithmic, the system itself will prevent you from going above the max size.
Be careful because it works 99,99% of the times but there are situations in which the system cannot block you and thus you will break a rule. (Read the disclaimer about this by tst).
For instance if you are with rithmic, you will see that of you cannot buy more than 3 cars if your profit is just 300 usd, and below 2k you cannot buy more than 5 car etc....
Sorry...I just noticed that I didn't read your message in details. You are with TSTtrader, so in this case you're not with Rithmic and this does not apply to you.
Thanks @SBtrader82, considering using the standard Tradovate platform, it is possible to set max position size, I hope Topstep will enable this feature in TSTrader.
The risk management functions that the Tradovate platform has (max DLL, WLL, number of contracts), aren't in the TSTrader platform. I don't know if that is because they could conflict with the Topstep program risk management system, but whatever the reason, TStrader doesn't have all the option settings of those trading their own Tradovate account.
The maximum contracts in the scaling plan is set automatically and you don't need to do anything, and as mentioned in the email highlighted in your earlier post today, it applies with the TSTrader platform and not just Rithmic.
Also Topstep already gave a grace period of ten seconds to bring your maximum position back inside the permitted maximum number, if you did "fat finger" a trade just in case there is an instance where an extra contract is still allowed to be placed in error.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
states would fail if even for just a few seconds, and since TSTrader doesn’t have the option to set max size I’m not willing to mess up my account to find out if that is true or not.
the way they word the email makes it sound like there is nothing in place to stop you from going over
Check with Topstep then to be on the safe side.
But you are using TSTrader so the scaling plan will be enforced automatically for Combine Step 2 and Pro accounts (and in Step 1 you could never exceed the maximum size anyway as that has always been prevented).
Maybe the 10 second rule doesn't apply in Funded/Premium Funded accounts but that would seem very strange to remove that protection if trading real money.
Maybe somebody from @Topstep will confirm at some point too.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden